Brazil: Chicken price retreats in January, despite high shipments

Published Feb 3, 2023

Tridge summary

In January 2023, Cepea reported a notable decrease in the average prices of most poultry products in Brazil, attributed to the high domestic supply and low purchasing power of the population. Despite the increase in chicken meat exports in the same period, the domestic market still experienced price drops. The daily average of chicken meat shipments hit 17.7 thousand tons in January, marking a 9.9% increase from December 2022 and a 17% rise from January 2022, totaling 388.6 thousand tons for the month.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The average prices of most poultry products monitored by Cepea registered significant drops between December/22 and the first month of 2023, due to the high supply of meat in the domestic market. According to collaborators consulted by Cepea, the greater availability of protein added to the low purchasing power of most of the Brazilian population in January – a month marked by extra expenses –, reinforcing the drop in prices. Not even the good performance of exports of chicken meat, in natura, throughout the month was enough to prevent devaluations in the domestic market. According to information from Secex, the ...

Source: Opresenterural